Daily Market Analytics - Forex

[FXOpen Trader]

NZDUSD Technical Analysis – 17th DEC, 2024
NZDUSD – Support of Channel is Broken

NZDUSD was unable to continue its bullish momentum and after touching a high of 0.5792 the prices started to decline against the United States Dollar today in the London Trading session.
The Support of channel is broken in the 15-minutes timeframe.
Also, we see that the MACD crosses DOWN its Moving Average in the 15-minutes timeframe.
The Pivot points: price is under support 1 in the 30-minutes timeframe. Als owe can see the formation of Doji in the 30-minutes timeframe.
We have detected that the Support of channel is broken in the weekly timeframe.

Some of the technical indicators are also giving a Bullish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
We have seen that the prices continue to range Near a new LOW record (5 years) in the weekly timeframe.
NZDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.

• Kiwi Bearish reversal seen below the 0.5792 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.5750 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.5748 which is a Pivot Point 2nd Support Point.
NZDUSD is now trading near to its Pivot levels of 0.5760 and is moving into a Bearish channel.
The price of NZDUSD remains above its Classic support levels of 0.5748 and is now moving towards its next target of 0.5737 which is a 3-10 Day Moving Average Crossover Stalls.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

 

[FXOpen Trader]

USDCAD Technical Analysis – 17th DEC, 2024
USDCAD – Resistance of Channel is Broken

USDCAD was unable to continue its Bearish momentum and after touching a low of 1.4225 the prices started to correct upwards against the United States Dollar today in the London Trading session.
We have seen that the Resistance of channel is broken in the 15-minutes timeframe.
The RSI indicator is overbought: over 70 in the 2-hourly timeframe. Also, the Previous candle closed over Bollinger bands indicating a Neutral market.
We can see CCI indicator is overbought: over 100 in the 4-hourly timeframe indicating a Neutral market.

The prices continue to range Near resistance of channel in the daily timeframe.
Some of the technical indicators are also giving a Bearish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
We can see the formation of Three white soldiers in the weekly timeframe.
We see that USDCAD is ranging Near a new HIGH record (5 years) in the weekly timeframe.
USDCAD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.

• Loonie Bullish reversal seen above the 1.4225 mark.
• Short-term range appears to be Bullish.
• USDCAD continues to remain above the 1.4270 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 1.4287 which is a Price 1 Standard Deviation Resistance.
USDCAD is now trading near to its Pivot levels of 1.4280 and is moving into a Bullish channel.
The price of USDCAD remains above its Classic support levels of 1.4269 and is now moving towards its next target of 1.4305 which is a Price 2 Standard Deviations Resistance.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

 

[FXOpen Trader]

USDJPY Technical Analysis – 17th DEC, 2024
USDJPY – Near Support of Channel

USDJPY was unable to continue its bearish momentum and after touching a low of 151.46 the prices started to correct upwards against the United States Dollar today in the London Trading session.
The prices are ranging Near support of channel in the 15-minutes timeframe.
We have seen the formation of Doji in the 30-minutes timeframe. Also, the Momentum indicator is back over zero in the 2-hourly timeframe.
The Bullish trend reversal: Moving Average 100 is visible in the daily timeframe.

We have detected Bullish trend reversal: adaptative moving average 20 in the weekly timeframe.
Also, we see the presence of Three white soldiers in the weekly timeframe.
Some of the technical indicators are also giving a Bearish to Neutral stance in the markets indicating the presence of the Consolidation wave in the markets.
The prices of USDJPY are ranging Near a new HIGH record (5 years) in the weekly timeframe.
USDJPY is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.

• Yen Bullish reversal seen above the 151.46 mark.
• Short-term range appears to be Bullish.
• USDJPY continues to remain above the 153.70 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 153.98 which is a Pivot Point.
USDJPY is now trading near to its Pivot levels of 153.98 and is moving into a Bullish channel.
The price of USDJPY remains above its Classic support levels of 153.52 and is now moving towards its next target of 154.54 at which the Price Crosses 18 Day Moving Average Stalls.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

 

[FXOpen Trader]

AUDUSD Technical Analysis – 27th DEC, 2024
AUDUSD – Bearish Trend Reversal

AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6229 the prices have started to decline against the United States Dollar today in the London trading session.
We can see Bearish trend reversal: Moving Average 20 present in the 15-minutes timeframe.
Also, we see Bearish price crossover with adaptative moving average 20 and the RSI indicator is back under 50 in the 15-minutes timeframe.
Also we see Bearish price crossover with Moving Average 50 present in the 30-minutes timeframe.

We see Bearish price crossover with Moving Average 20 in the 1-hourly timeframe.
Some of the technical indicators are giving a Bullish to Neutral stance in the markets indicating the presence of the Consolidation wave in the markets.
The prices are ranging Near a new LOW record (1 year) in the weekly timeframe.
The Support of channel is broken in the weekly timeframe.
AUDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.

• Aussie Bearish reversal seen below the 0.6229 mark.
• Short-term range appears to be Bearish.
• AUDUSD continues to remain above the 0.6210 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 0.6206 which is a Pivot Point 1st Support Point.
AUDUSD is now trading near to its Pivot levels of 0.6221 and is moving into a Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6205 and is moving towards its next target of 0.6192 which is a Price 3 Standard Deviations Support.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

 

[FXOpen Trader]

EURUSD Technical Analysis – 27th DEC, 2024
EURUSD – Bullish Trend Reversal

EURUSD was unable to continue its bearish momentum and after touching a low of 1.0405 the prices started to correct upwards against the United States Dollar today in the London Trading session.
We can see Bullish trend reversal: adaptative moving average 100 present in the 2-hourly timeframe.
We have seen that the Previous candle closed over Bollinger bands in the 2-hourly timeframe.
Also, Bullish trend reversal: adaptative moving average 50 is visible in the 4-hourly timeframe.

The prices of Euro are ranging Near support of channel in the daily timeframe.
We can see the RSI indicator: bullish divergence along with the CCI indicator: bullish divergence present in the weekly timeframe.
Some of the technical indicators are giving a Bearish to Neutral stance indicating the presence of the Consolidation wave in the markets.
The prices of EURUSD are ranging Near a new HIGH record (1 month) in the weekly timeframe.
EURUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages.

• Euro Bullish reversal seen above the 1.0405 mark.
• Short-term range appears to be Bullish.
• EURUSD continues to remain above the 1.0430 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 1.0445 which is a Price 3 Standard Deviations Resistance.
EURUSD is now trading near to its Pivot levels of 1.0435 and is moving into a Bullish channel.
The price of EURUSD remains above its Classic support levels of 1.0410 and is moving towards its next target of 1.0476 which is a Pivot Point 3rd Level Resistance.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

 

[FXOpen Trader]

GBPUSD Technical Analysis – 27th DEC, 2024
GBPUSD – Moving Average Bullish Crossovers

GBPUSD was unable to continue its bearish momentum and after touching a low of 1.2505 the prices started to correct upwards against the United States Dollar today in the London Trading session.
We can see Moving Average bullish crossovers: AMA20 & AMA50 in the 30-minutes timeframe.
We have detected the Ichimoku - Bullish crossover: Tenkan & Kijun in the 1-hourly timeframe.
The Bullish trend reversal: Moving Average 20 and Bullish price crossover with adaptative moving average 50 can be seen in the 2-hourly timeframe.

The Bullish price crossover with adaptative moving average 20 is visible in the 4-hourly timeframe.
We do see CCI indicator: bullish divergence present in the daily timeframe.
Also, RSI indicator: bullish divergence is seen in the weekly timeframe.
The prices of GBPUSD are ranging Near a new HIGH record (1 month) in the weekly timeframe.
GBPUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving average.

• Pound Bullish reversal seen above the 1.2505 mark.
• Short-term range appears to be Bullish.
• GBPUSD continues to remain above the 1.2560 levels.
• Average true range ATR is indicating High market volatility.

GBPUSD is now trading near to its Pivot levels of 1.2567 and is moving into a Bullish channel.
The price of GBPUSD is above its Classic support levels of 1.2538 and is now moving towards its next target of 1.2576 which is a 14-3 Day Raw Stochastic at 30%.
We are also looking for the breach of the levels of 1.2603 which is a 38.2% Retracement From 4 Week Low.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

 

[FXOpen Trader]

NZDUSD Technical Analysis – 27th DEC, 2024
NZDUSD – Price is back over the Pivot Point

NZDUSD was unable to continue its bearish momentum and after touching a low of 0.5613 the prices started to correct upwards against the United States Dollar today in the London Trading session.
The Price is back over the pivot point in the 30-minutes timeframe. Also, the prices are Near support of channel in the 1-hourly timeframe.
We have detected Moving Average bullish crossovers: AMA20 & AMA50 present in the 4-hourly timeframe.
We can see Parabolic SAR indicator bullish reversal in the 4-hourly timeframe.

Also, we see RSI indicator: bullish divergence in the daily timeframe. The prices of NZDUSD continue to range Near horizontal support in the weekly timeframe.
Some of the technical indicators are also giving a Bearish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
We have seen that the prices continue to range Near a new LOW record (5 years) in the weekly timeframe.
NZDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.

• Kiwi Bullish reversal seen above the 0.5613 mark.
• Short-term range appears to be Bullish.
• NZDUSD continues to remain above the 0.5620 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 0.5646 which is a Price 3 Standard Deviations Resistance.
NZDUSD is now trading near to its Pivot levels of 0.5638 and is moving into a Bullish channel.
The price of NZDUSD remains above its Classic support levels of 0.5628 and is now moving towards its next target of 0.5671 at which the Price Crosses 9 Day Moving Average.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

 

[FXOpen Trader]

USDCAD Technical Analysis – 27th DEC, 2024
USDCAD – Near Resistance of Channel

USDCAD was unable to continue its Bullish momentum and after touching a high of 1.4420 the prices started to decline against the United States Dollar today in the London Trading session.
The prices are Near resistance of channel and the Price is back under the pivot point in the 15-minutes timeframe.
We see that the RSI indicator is back under 50 in the 30-minutes timeframe. Also, the Support of channel is broken in the 1-hourly timeframe.
Also we see RSI indicator: bearish divergence along with the MACD indicator: bearish divergence in the daily timeframe.

The prices of USDCAD continue to range Near resistance of channel in the weekly timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
We see that USDCAD is ranging Near a new LOW record (1 month) in the weekly timeframe.
USDCAD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.

• Loonie Bearish reversal seen below the 1.4420 mark.
• Short-term range appears to be Bearish.
• USDCAD continues to remain above the 1.4380 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 1.4383 which is a Price 1 Standard Deviation Support.
USDCAD is now trading near to its Pivot levels of 1.4389 and is moving into a Bearish channel.
The price of USDCAD remains above its Classic support levels of 1.4358 and is now moving towards its next target of 1.4366 which is a Price 3 Standard Deviations Support.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

 

[FXOpen Trader]

USDJPY Technical Analysis – 27th DEC, 2024
USDJPY – Bearish Trend Reversal

USDJPY was unable to continue its bullish momentum and after touching a high of 158.03 the prices started to decline against the United States Dollar today in the London Trading session.
We can see Bearish trend reversal: Moving Average 100 in the 15-minutes timeframe.
The RSI indicator is back under 50 and MACD indicator is back under zero in the 15-minutes timeframe.
We have seen Bearish price crossover with Moving Average 20 in the 30-minutes timeframe.

The RSI indicator is back under 50 and MACD indicator: bearish divergence is visible in the 30-minutes timeframe.
Also, the Support of channel is broken in the 1-hourly timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance in the markets indicating the presence of the Consolidation wave in the markets.
The prices of USDJPY are ranging Near a new HIGH record (5 years) in the weekly timeframe.
USDJPY is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.

• Yen Bearish reversal seen below the 158.03 mark.
• Short-term range appears to be Bearish.
• USDJPY continues to remain above the 157.70 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 157.35 which is a Price 1 Standard Deviation Support.
USDJPY is now trading near to its Pivot levels of 157.79 and is moving into a Bearish channel.
The price of USDJPY remains above its Classic support levels of 157.50 and is now moving towards its next target of 157.09 which is a Price 2 Standard Deviations Support.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

 

[FXOpen Trader]

AUDUSD Technical Analysis – 03rd JAN, 2025
AUDUSD – Bullish Trend Reversal

AUDUSD was unable to continue its bearish momentum and after touching a low of 0.6192 the prices have started to correct upwards against the United States Dollar today in the London trading session.
We can see Bullish trend reversal: Moving Average 50 present in the 30-minutes timeframe.
Also, we see Bullish trend reversal: Moving Average 20 along with Bullish trend reversal: Moving Average 100 in the 1-hourly timeframe.
When moving onto the 2-hourly timeframe we see Bullish trend reversal: Moving Average 50 and Bullish price crossover with Moving Average 100.

The Aroon indicator bullish trend is visible in the 2-hourly timeframe. We see Ichimoku: price is over the cloud present in the 2-hourly timeframe.
The prices are ranging Near a new LOW record (1 year) in the weekly timeframe.
We can see SuperTrend indicator bullish reversal in the 2-hourly timeframe. Also, the MACD crosses UP its Moving Average in the daily timeframe.
We have also detected Parabolic SAR indicator bullish reversal in the daily timeframe.

AUDUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages.

• Aussie Bullish reversal seen above the 0.6192 mark.
• Short-term range appears to be Bullish.
• AUDUSD continues to remain above the 0.6210 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 0.6230 which is a Price 3 Standard Deviations Resistance.
AUDUSD is now trading near to its Pivot levels of 0.6215 and is moving into a Bullish channel.
The price of AUDUSD remains above its Classic support levels of 0.6208 and is moving towards its next target of 0.6242 which is a Pivot Point 2nd Level Resistance.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

 

[FXOpen Trader]

EURUSD Technical Analysis – 03rd JAN, 2025
EURUSD – Near Support of Channel

EURUSD was unable to continue its bearish momentum and after touching a low of 1.0229 the prices started to correct upwards against the United States Dollar today in the London Trading session.
The prices of EURUSD are ranging Near support of channel in the 15-minutes timeframe.
We have seen Bullish trend reversal: adaptative moving average 50 in the 30-minutes timeframe. Also present is the Moving Average bullish crossovers: MA20 & MA50 in the 30-minutes timeframe.
We have detected Parabolic SAR indicator bullish reversal in the 30-minutes timeframe.
The Ichimoku: price is over the cloud in the 30-minutes timeframe.

We can see Bullish trend reversal: Moving Average 20 in the 1-hourly timeframe. The CCI indicator is overbought: over 100 in the 1-hourly timeframe.
The Price is back over the pivot point in the daily timeframe.
We have also seen the CCI indicator: bullish divergence present in the daily timeframe.
EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.

• Euro Bullish reversal seen above the 1.0229 mark.
• Short-term range appears to be Bullish.
• EURUSD continues to remain above the 1.0280 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 1.0335 which is a Price 1 Standard Deviation Resistance.
EURUSD is now trading near to its Pivot levels of 1.0295 and is moving into a Bullish channel.
The price of EURUSD remains above its Classic support levels of 1.0259 and is moving towards its next target of 1.0363 which is a Price 2 Standard Deviations Resistance.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

 

[FXOpen Trader]

GBPUSD Technical Analysis – 03rd JAN, 2025
GBPUSD – Near Horizontal Support

GBPUSD was unable to continue its bearish momentum and after touching a low of 1.2362 the prices started to correct upwards against the United States Dollar today in the London Trading session.
We can see prices are Near horizontal support in the daily timeframe.
The Momentum indicator is back over zero in the 2-hourly timeframe.
Also, we have seen Pivot points: price is under support 3 present in the weekly timeframe.

Some of the technical indicators still continue to give a bearish outlook of the markets. But this is just the start of the consolidation phase before we will see fresh upside moves coming into the markets.
We have seen the formation of Doji in the 2-hourly timeframe.
The prices have continued to range Near support of channel in the monthly timeframe.
The prices of GBPUSD are ranging Near a new LOW record (1 year) in the weekly timeframe.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.

• Pound Bullish reversal seen above the 1.2362 mark.
• Short-term range appears to be Bullish.
• GBPUSD continues to remain above the 1.2400 levels.
• Average true range ATR is indicating High market volatility.

GBPUSD is now trading near to its Pivot levels of 1.2408 and is moving into a Bullish channel.
The price of GBPUSD is above its Classic support levels of 1.2398 and is now moving towards its next target of 1.2440 which is a 14-3 Day Raw Stochastic at 20%.
We are also looking for the breach of the levels of 1.2468 which is a Price 1 Standard Deviation Resistance.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

 

[FXOpen Trader]

NZDUSD Technical Analysis – 03rd JAN, 2025
NZDUSD – Ichimoku - Bullish crossover: Tenkan & Kijun

NZDUSD was unable to continue its bearish momentum and after touching a low of 0.5586 the prices started to correct upwards against the United States Dollar today in the London Trading session.
We have seen Ichimoku - Bullish crossover: Tenkan & Kijun formation in the 30-minutes timeframe.
The Momentum indicator is back over zero in the 30-minutes timeframe. Also, we have detected the formation of Doji in the 30-minutes timeframe.
The prices of NZDUSD continue to range Near support of channel in the daily timeframe.
Also, we see that the Price is back over the pivot point in the daily timeframe.

Some of the technical indicators are also giving a Bearish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
We have seen that the prices continue to range Near a new LOW record (5 years) in the weekly timeframe.
NZDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.

• Kiwi Bullish reversal seen above the 0.5586 mark.
• Short-term range appears to be Bullish.
• NZDUSD continues to remain above the 0.5600 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 0.5616 which is a Price 1 Standard Deviation Resistance.
NZDUSD is now trading near to its Pivot levels of 0.5605 and is moving into a Bullish channel.
The price of NZDUSD remains above its Classic support levels of 0.5596 and is now moving towards its next target of 0.5632 which is a Price 3 Standard Deviations Resistance.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

 

[FXOpen Trader]

USDCAD Technical Analysis – 03rd JAN, 2025
USDCAD – Resistance of Channel is Broken

USDCAD was unable to continue its bearish momentum and after touching a low of 1.4382 the prices started to correct upwards against the United States Dollar today in the London Trading session.
The Resistance of channel is broken in the 15-minutes timeframe. Also, the Previous candle closed over Bollinger bands indicating a Neutral market in the 15-minutes timeframe.
We do see that the Price is back over the pivot point in the 1-hourly timeframe.
The Bullish price crossover with adaptative moving average 20 is visible in the 2-hourly timeframe.

We can see that the Ichimoku: price is over the cloud in the 2-hourly timeframe. Also, the Price is back over the pivot point in the daily timeframe.
Some of the technical indicators are also giving a Bearish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
We see that USDCAD is ranging Near a new HIGH record (5 years) in the weekly timeframe.
USDCAD is now trading above its 100-hour SMA and its 200-hour SMA simple moving averages.

• Loonie Bullish reversal seen above the 1.4382 mark.
• Short-term range appears to be Bullish.
• USDCAD continues to remain above the 1.4400 levels.
• Average true range ATR is indicating Less market volatility.

The next resistance is located at 1.4427 which is a Price 1 Standard Deviation Resistance.
USDCAD is now trading near to its Pivot levels of 1.4400 and is moving into a Bullish channel.
The price of USDCAD remains above its Classic support levels of 1.4384 and is now moving towards its next target of 1.4441 which is a Pivot Point 1st Resistance Point.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

 

[FXOpen Trader]

USDJPY Technical Analysis – 03rd JAN, 2025
USDJPY – Near Resistance of Channel

USDJPY was unable to continue its bullish momentum and after touching a high of 157.84 the prices started to decline against the United States Dollar today in the London Trading session.
The prices are ranging Near resistance of channel in the 15-minutes timeframe.
Also, we can see Moving Average bearish crossovers: AMA20 & AMA50 present in the 15-minutes timeframe.
We have detected Bearish price crossover with adaptative moving average 50 in the 30-minutes timeframe.
The Ichimoku: price is under the cloud in the 30-minutes timeframe.

We have seen Bearish trend reversal: Moving Average 20 along with the Bearish trend reversal: adaptative moving average 50 present in the 1-hourly timeframe.
The RSI indicator is back under 50 in the 2-hourly timeframe. Also, the Bearish price crossover with adaptative moving average 20 is visible in the 4-hourly timeframe.
The MACD indicator: bearish divergence is visible in the 4-hourly timeframe.
The prices of USDJPY are ranging Near a new HIGH record (5 years) in the weekly timeframe.
USDJPY is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.

• Yen Bearish reversal seen below the 157.84 mark.
• Short-term range appears to be Bearish.
• USDJPY continues to remain above the 157.10 levels.
• Average true range ATR is indicating Less market volatility.

The next support is located at 157.10 which is a Price 1 Standard Deviation Support.
USDJPY is now trading near to its Pivot levels of 157.16 and is moving into a Bearish channel.
The price of USDJPY remains above its Classic support levels of 156.88 and is now moving towards its next target of 156.83 which is a Price 3 Standard Deviations Support.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

 

[FXOpen Trader]

AUDUSD Technical Analysis – 08th JAN, 2025
AUDUSD – Near Horizontal Resistance

AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6242 the prices have started to decline against the United States Dollar today in the London trading session.
We can see the prices are ranging Near horizontal resistance in the 15-minutes timeframe.
The RSI indicator is back under 50 in the 15-minutes timeframe. Also, we have seen that the Pivot points: price is under support 1 in the 30-minutes timeframe.
We have seen that the Support of channel is broken in the 1-hourly timeframe.

The Moving Average bearish crossovers: AMA50 & AMA100 is visible in the 1-hourly timeframe.
We do see the Bearish trend reversal: Moving Average 20 along with Bearish trend reversal: Moving Average 50 present in the 4-hourly timeframe.
The MACD indicator is back under zero in the 4-hourly timeframe.
Also, the prices are now ranging Near a new LOW record (1 year) in the weekly timeframe.
AUDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.

• Aussie Bearish reversal seen below the 0.6242 mark.
• Short-term range appears to be Bearish.
• AUDUSD continues to remain above the 0.6200 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 0.6189 which is a Pivot Point 2nd Support Point.
AUDUSD is now trading near to its Pivot levels of 0.6202 and is moving into a Bearish channel.
The price of AUDUSD remains above its Classic support levels of 0.6181 and is moving towards its next target of 0.6167 which is a 14 Day RSI at 30%.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

 

[FXOpen Trader]

EURUSD Technical Analysis – 08th JAN, 2025
EURUSD – Near Resistance of Channel

EURUSD was unable to continue its bullish momentum and after touching a high of 1.0357 the prices started to decline against the United States Dollar today in the London Trading session.
The prices are ranging Near resistance of channel in the 15-minutes timeframe.
As we have seen the Support of channel is broken in the 1-hourly timeframe. The Pivot points: price is under support 1 in the 2-hourly timeframe.
As we have also seen that the presence of Moving Average bearish crossovers: AMA20 & AMA50 in the weekly timeframe.

The RSI indicator is oversold: under 30 in the weekly timeframe.
Some of the leading technical indicators continue to give a bullish market under sentiment in the weekly timeframe.
The prices of EURUSD have continued to range Near a new LOW record (1 year) in the weekly timeframe.
EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.

• Euro Bearish reversal seen below the 1.0357 mark.
• Short-term range appears to be Bearish.
• EURUSD continues to remain above the 1.0300 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 1.0293 which is a Price 1 Standard Deviation Support.
EURUSD is now trading near to its Pivot levels of 1.0301 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.0277 and is moving towards its next target of 1.0273 which is a Price 2 Standard Deviations Support.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

 

[FXOpen Trader]

GBPUSD Technical Analysis – 08th JAN, 2025
GBPUSD – Support of Channel is Broken

GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2494 the prices started to correct decline against the United States Dollar today in the London Trading session.
We can see that the Support of channel is broken in the 1-hourly timeframe.
Also, the Pivot points: price is under support 3 in the 1-hourly timeframe.
We have seen the formation of Moving Average bearish crossovers: AMA20 & AMA50 in the 2-hourly timeframe.
Also, the Horizontal support is broken in the daily timeframe.

We have also detected Parabolic SAR indicator bearish reversal present in the daily timeframe.
We have seen the CCI indicator is oversold: under -100 in the daily timeframe.
The prices of GBPUSD are ranging Near a new LOW record (1 year) in the weekly timeframe.
GBPUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving average.

• Pound Bearish reversal seen below the 1.2494 mark.
• Short-term range appears to be Bullish.
• GBPUSD continues to remain above the 1.2350 levels.
• Average true range ATR is indicating High market volatility.

GBPUSD is now trading near to its Pivot levels of 1.2341 and is moving into a Bearish channel.
The price of GBPUSD is above its Classic support levels of 1.2303 and is now moving towards its next target of 1.2346 which is a Pivot Point 3rd Support Point.
We are also looking for the breach of the levels of 1.2321 which is a 13-Week Low.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

 

[FXOpen Trader]

NZDUSD Technical Analysis – 08th JAN, 2025
NZDUSD – Bearish Price Crossover

NZDUSD was unable to continue its bearish momentum and after touching a high of 0.5641 the prices started to decline against the United States Dollar today in the London Trading session.
We have seen Bearish price crossover with adaptative moving average 20 present in the 30-minutes timeframe.
The Support of channel is broken in the 1-hourly timeframe.
Also, we can see that the Pivot points: price is under support 1 in the 2-hourly timeframe.

We can detect that the MACD indicator is back under zero in the 4-hourly timeframe.
The Momentum indicator is back under zero in the daily timeframe.
Some of the technical indicators are also giving a Bullish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
We have seen that the prices continue to range Near a new LOW record (5 years) in the weekly timeframe.
NZDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.

• Kiwi Bearish reversal seen below the 0.5641 mark.
• Short-term range appears to be Bearish.
• NZDUSD continues to remain above the 0.5600 levels.
• Average true range ATR is indicating High market volatility.

The next support is located at 0.5600 which is a Price 3 Standard Deviations Support.
NZDUSD is now trading near to its Pivot levels of 0.5604 and is moving into a Bearish channel.
The price of NZDUSD remains above its Classic support levels of 0.5589 and is now moving towards its next target of 0.5587 which is a 1-Month Low.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

 

[FXOpen Trader]

USDCAD Technical Analysis – 08th JAN, 2025
USDCAD – Resistance of Channel is Broken

USDCAD was unable to continue its bearish momentum and after touching a low of 1.4339 the prices started to correct upwards against the United States Dollar today in the London Trading session.
The Resistance of channel is broken in the 15-minutes timeframe. Also, the MACD crosses DOWN its Moving Average in the 30-minutes timeframe.
The prices are now ranging Near horizontal resistance in the 1-hourly timeframe.
We have detected the Bearish price crossover with adaptative moving average 100 in the 1-hourly timeframe.

Also, the Price is back under the pivot point in the weekly timeframe.
Some of the technical indicators are also giving a Bearish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets.
We see that USDCAD is ranging Near a new HIGH record (5 years) in the weekly timeframe.
USDCAD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages.

• Loonie Bullish reversal seen above the 1.4339 mark.
• Short-term range appears to be Bullish.
• USDCAD continues to remain above the 1.4370 levels.
• Average true range ATR is indicating High market volatility.

The next resistance is located at 1.4393 which is a Pivot Point 1st Resistance Point.
USDCAD is now trading near to its Pivot levels of 1.4383 and is moving into a Bullish channel.
The price of USDCAD remains above its Classic support levels of 1.4348 and is now moving towards its next target of 1.4418 which is a Pivot Point 2nd Level Resistance.

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.